East African Geothermal Risk Mitigation operation awarded to German consortium

Pöyry Deutschland in association with GeoThermal Engineering (GeoT) has been awarded consulting contract to establish and operate the Geothermal Risk Mitigation Facility (GRMF) for Eastern Africa. The contract is valued at $4.5 million with a duration of 4 years.

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Pöyry Deutschland GmbH in association with GeoThermal Engineering GmbH (GeoT) has been awarded a Consulting Contract by the African Union Commission (AUC) in cooperation with the KfW Development Bank for the establishment and operation of the Geothermal Risk Mitigation Facility (GRMF) for Eastern Africa. The value of the contract amounts to EUR 3.5 million ($4.5 million) and it has been awarded in April 2012. The duration of the project is 48 months.

GRMF aims at facilitating the identification and development of geothermal resources for power production in Ethiopia, Kenya, Rwanda, Tanzania and Uganda. The project development will be promoted by a fund of 50 million EUR provided by the German Government and the European Union. Based on their wide experience in international procurement and tendering processes in combination with their deep understanding of geothermal resources, Pöyry with GeoT were selected as the best bidder to support the AUC as GRMF Consultant, in evaluating and selecting eligible applicants.

The services of the GRMF Consultant includes the creation of a common developer manual, operational guidelines and procurement documents as well as evaluation methodologies for choosing applications interested in the execution of surface studies and exploration drilling projects in the GRMF countries. During the execution period the chosen projects will be monitored and their progress will be reported. A database of geothermal prospects in the region will be developed and updated.

Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business,. With quality and integrity at our core, we deliver best-in-class consulting, total solutions, and design and supervision. Our in-depth expertise extends to the fields of energy, industry, transportation, water, environment and real estate. Pöyry has about 7,000 experts and a local office network in about 50 countries. Pöyry’s net sales in 2011 were EUR 796 million and the company’s shares are quoted on NASDAQ OMX Helsinki.

GeoThermal Engineering GmbH (GeoT) from Germany is a specialist in geothermal applications. With worldwide activities, one major target region is East Africa. GeoTs expertise is recognized throughout the geothermal market with a leading position in geothermal development, research & development and consulting projects. Joint venture companies with local partners are situated in Switzerland (Deep Rock Energy GmbH, Zurich), Asia (Marshfield Energy, Singapore), Africa (Geothermal Power Limited,
Mauritius), Middle East (GeoT, Qatar) and Turkey (Bosporus New Energy, Ankara).